{"id":117540,"date":"2024-04-30T17:12:57","date_gmt":"2024-04-30T16:12:57","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april"},"modified":"2024-04-30T20:59:39","modified_gmt":"2024-04-30T19:59:39","slug":"cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april","title":{"rendered":"CBN policies push NGX\u2019s investors to lose N3.57tn in April"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index experienced a significant decline amid the Central Bank of Nigeria\u2019s recent banks\u2019 recapitalization policy.<\/p>\n

This downturn represents the first monthly decline for the NGX this year, contrasting with gains of 17.7 per cent, 12.47 per cent, and 5.64 per cent recorded in January, February, and March respectively. Despite this setback, the NGX is still up by 31.36 per cent year-to-date.<\/p>\n

Several policy announcements from CBN influenced the sharp drop in the index.<\/p>\n

Recall that on April 2, 2024, CBN, announced a new recapitalization plan for commercial banks, aiming to raise an estimated N4 trillion in fresh capital over the next two years.<\/p>\n

Further exacerbating the market\u2019s reaction was the decision by the CBN\u2019s Monetary Policy Committee to raise the benchmark interest rate by 200 basis points, moving from 22.75 per cent to 24.75 per cent.<\/p>\n

These policies driven by the apex bank, including the rate hike, have significantly led to intensified sell-offs, resulting in a 6 per cent decline in the local bourse, with the benchmark index closing at 98,225.63 points.<\/p>\n

Accordingly, the NGX All-Share Index fell below the 100,000-point threshold, finishing the day at 98,225.63 points, a stark contrast to its peak of 104,562.06 points at the end of March 2024.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index experienced a significant decline amid the Central Bank of Nigeria\u2019s recent banks\u2019 recapitalization policy. This downturn represents the first monthly decline for the NGX this year, contrasting with gains of 17.7 per cent, 12.47 […]<\/p>\n","protected":false},"author":84,"featured_media":117539,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,11727,254],"class_list":["post-117540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-ngx","tag-nigeria"],"yoast_head":"\nCBN policies push NGX\u2019s investors to lose N3.57tn in April - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index exper ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN policies push NGX\u2019s investors to lose N3.57tn in April\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index exper ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T16:12:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-30T19:59:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CBN policies push NGX\u2019s investors to lose N3.57tn in April\",\"datePublished\":\"2024-04-30T16:12:57+00:00\",\"dateModified\":\"2024-04-30T19:59:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\"},\"wordCount\":233,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"NGX\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\",\"name\":\"CBN policies push NGX\u2019s investors to lose N3.57tn in April - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg\",\"datePublished\":\"2024-04-30T16:12:57+00:00\",\"dateModified\":\"2024-04-30T19:59:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index exper ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg\",\"width\":1280,\"height\":720,\"caption\":\"CBN policies push NGX\u2019s investors to lose N3.57tn in April\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBN policies push NGX\u2019s investors to lose N3.57tn in April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBN policies push NGX\u2019s investors to lose N3.57tn in April - Nigeria","description":"The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index exper ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april","og_locale":"en_US","og_type":"article","og_title":"CBN policies push NGX\u2019s investors to lose N3.57tn in April","og_description":"The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index exper ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april","og_site_name":"Nigeria","article_published_time":"2024-04-30T16:12:57+00:00","article_modified_time":"2024-04-30T19:59:39+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"CBN policies push NGX\u2019s investors to lose N3.57tn in April","datePublished":"2024-04-30T16:12:57+00:00","dateModified":"2024-04-30T19:59:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april"},"wordCount":233,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg","keywords":["Africa Press","Africa Press-Nigeria","CBN","NGX","Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april","name":"CBN policies push NGX\u2019s investors to lose N3.57tn in April - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg","datePublished":"2024-04-30T16:12:57+00:00","dateModified":"2024-04-30T19:59:39+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index exper ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1714485574.515123.jpg","width":1280,"height":720,"caption":"CBN policies push NGX\u2019s investors to lose N3.57tn in April"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-policies-push-ngxs-investors-to-lose-n3-57tn-in-april#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"CBN policies push NGX\u2019s investors to lose N3.57tn in April"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/117540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=117540"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/117540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/117539"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=117540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=117540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=117540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}